Oct 31, 2012 11:00pm EDT
. that's true, it's terrible, anne they will hurt the economy, but those are short-term in nature. and recoverable. i'm urging you to step back and take a look at the bigger picture. tens of thousands of homes experienced damage from sandy. those that are insured for storm damage will get their insurance checks and put thousands of contractors back to work, new begin sum -- gypsum board, new appliances and finally painting up a storm. the recent decline since blowout quarter. that's not the real spurt of the economy. that's also short-term. those homeowners who were directly in the path of sandy, and there were tens of thousands of homes that were, they can't begin to rebuild without government help, because many of them live on roads that have vanished. yes, vanished. so many roads need to be rebuilt. not just homes. but government provided infrastructure. it rises to national emergency. while the level of partisanship in politics has been horrendous lately, i don't care what party you're in, the spirit of cooperation we saw today between democratic president barack obama and new
Oct 26, 2012 11:00pm EDT
'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. >>> you sure wouldn't know it from the action lately. where we are in the year right now this used to be the season for owning tech stocks. every autumn, tech would outperform the rest of the market, virtually without fail. as all things technology rallied close to the holidays, the corporate technology budget flush this year, not happening at all. tech has been getting slaughtered. is this a temporary problem or something more permanent, more persistent happening out there? perhaps being caused by the decline of the desk top? the whole tech sector needs a checkup. no better place than avnet. avnet is the ultimate thermometer around. this company i like to call the biggest supermarket of tech on earth. the distributor of electronic components and one of the largest distri
Nov 1, 2012 11:00pm EDT
purchasing managers number. a string of disappointing figures from the totally moribund economy. but we didn't get it. you got your first chinese guide up, not guide down. the best of the year. this was just joyous. no one was looking for this. suddenly i didn't care. here was a number that didn't fit into the near universally saturnine thesis. the ceo of joy global came on our show last month brandishing data showing that chinese electric output bottomed and is coming up. it is coming roaring back. that's why you saw the gains you did today. the biggest industrial is cummins, the engine maker. they rallied $5.17 today, that's up a dozen points. how about nike? bemoaned performance in china, up $3.97 today. freeport, the copper company looked like it had been sliding back during the darker days suddenly lunged $1.62. how about eaton? that company lowered expectations in part due to china. it is now up $4. someone asked jim cramer on twitter, accused me of hyping the stock by saying that i thought it would go up. and then there is peabody energy. it was recommended to buy coal stocks aggressi
Oct 30, 2012 6:00pm EDT
over heated economy. this quarter has stood that whole three-point paradign on its hoead. they could crush the ability to the united states has given you. you have to cut the stocks from the cover off the united states. a country where we are pushing up 40 points per share this morning. virtually all the money was made right here in the united states. ♪ >> europe, was so awful that it almost wiped out the american gain. >> the house of pain. >> asia had a nice turn to a 40 million plus dollar gain. $85 million. but, hey, that is not much from the scheme of things. south america profit open again not all that significant. contrast that news with the report. ♪ hallelujah >> u.s. based furniture maker makes bed springs that i'm sure at some point pondered going into europe or latin mesh. i'm sure a whipper snapper said we have to make it more in the bed spring market. guess what? the good old us of a made these guys important. not because the stocks are going down, this one will be a jumper when the market opens tomorrow. it has been two weeks since the markets open tomorrow. the mo
Nov 2, 2012 6:00pm EDT
: sun is shining. actually it's overcast. but quick question for you. when you talk about the economy really booting off again it seems like you talk about it in terms of consuming and not producing. i'm thinking from the way i think about it you need something to be produced before it's consumed. i'm wondering why in terms of a growing economy you talk about consumption instead of production. that's what it seems like to me. >> i do. because in order to be able to raise price you need demand. if there's a shortage of supply, sure, that can mean something. but not if there's no demand, right? if you have a shortage of a supply at some price nobody likes you can't raise price. it doesn't mean anything. that's why we focus on demand on the show. a company that's got their earnings stars before you buoy it. use the eps to figure out the company's growth rate and take it from there. "mad money" will be right back. >> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet jim cramer #madtweets. or give us a call at 1-800-743-cnbc. miss something? head to "
Oct 29, 2012 11:00pm EDT
how good dollar general can do if washington pushes the economy back into a recession. not only would this company be immune to the pain, nor and more consumers would be forced to squeeze down even as our nation obviously would be hurt badly bypassing over the fiscal cliff. look, we've had a stagnant economy for ages. how come i'm recommending it now? the easy, it's cheap. it's fallen from its highs and thanks to equity investors have sold some of their shares. but mainly on account of the not so hot numbers we got from dollar tree. see, dollar tree cut its same-store sales guidance in the third quarter recently blaming high gasoline prices and the preholiday calendar shift. the forecast hammered the whole group. but i don't think their alibis add up. let's take them one at a time. first, higher gas prices. dollar tree blamed them for the weaker same-store sales? make sense to you? makes no sense to me. when gas prices go up, consumers are more likely to trade down. plus, the fact is that these dollar stores get a ton of walk-in traffic. they can careless about the price at the pump.
Oct 27, 2012 3:00am EDT
heard about the bottom line, wow, the housing economy strong, auto economy strong, but we have worries about the gridlock in washington. how much of the sudden decline in americas is related to washington? >> well, jim, i wish i could give you an exact bead on that. i will tell you, we saw it in both of our businesses, which is unusual, components and computers. in components, we saw deterioration through the quarter. july year on year, one picture, august looked worse and september looked worse. deterioration through the quarter, very surprising for us. after the june quarter, we thought we had seen a reset, signs of stabilization. it was deterioration through september, and we went through the disappointing last two weeks, when there is usually a big rush to spend the quarter-end budget. >> you invoked on the conference call, 2008-2009. i thought we put those bad days behind us, but it did make me feel like maybe i'm being too optimistic. >> yeah, jim. '08-'09, different for a couple of key reasons. a lot of the concern were driven around the liquidity crisis. now, a more general mac